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Pidge is a next-generation logistics platform that also provides an interoperable hybrid network of 3PL delivery partners, enabling businesses to digitize, aggregate, and improve their delivery experience. Built on the pillars of functional design, simplified technology, and smart innovation, Pidge aims to build a strong Digital Bharat by building digital inclusivity.
When creating the Pidge logistics platform, they focused on two things. One is how to make technology more accessible to small and medium-sized enterprises and accelerate its adoption while effectively managing logistics operations, and the other is how to digitize large unorganized logistics networks and help companies become more The need to have access to more information. Delivery partners ensure that demand is not met.
“When we entered the Indian logistics market, we realized several challenges, including lack of quick access to delivery partners, very limited technology adoption, and last-mile delivery issues. Initially focused on improving last mile delivery efficiency and pioneering radius-free delivery, we are proud to be the only company to enable premium 5-star delivery services. , has facilitated over 1 billion deliveries by partnering with over 5,000 businesses and building a network of nearly 500,000 users. For example, we helped Pro ecom Logistics, a one-man delivery startup, scale up 10x within six months through our technology. , based in Delhi Riding Rangers, a hyper-local delivery company, saw a 15% increase in business within two months. We have a hybrid interoperable fleet of over 50,000 internal fleet members and 30+ third-party delivery partners. We have established a delivery network and are serving over 200 cities,” said Ratnesh Verma, Founder and CEO of Pidge.
But what are the biggest challenges in business, other than operational issues, and how can you overcome them?
According to Verma, existing supply and delivery solutions in the market were highly polarized. The entire logistics ecosystem is siled with multiple layers and intermediaries that force companies to make certain decisions or limit their options. For example, if a company partners with Platform A, it cannot seamlessly work with Platform B in an interoperable manner. The lack of acceptance of hybrid working styles was a major challenge for them.
To address this issue, they took the initiative to test and validate their solution. “We have created a hybrid network that incorporates a variety of delivery options such as passengers, unorganized partners, and 3PL networks. This demonstrates the benefits of this approach and frees businesses to have hybrid delivery options. The success of this initiative is evidenced by the impressive milestone of over 6 million deliveries and the achievement of positive gross margins,” Verma said.
Fact sheet:
Year of establishment: 2019
number of employees: 60
Fiscal year 2021-22 revenue: $1.1 million
External funding received to date: $1 million from Indian Angel Network, $3 million led by European VC Mountain Partners (pre-Series A round)
The author can be contacted at bkabir@entrepreneurindia.com. Instagram.com/kabirsinghbhandari
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